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Anonymous said: 26 April 2016 at 11:45 My company would like to offer me an increase. I have the choice of a straight bump-up or I can choose if there are specific benefits I would like that will have a benefit for me (additional money in pocket) and that will be beneficial for them (perhaps less tax they need to pay). I earn a straight salary without any travel allowance or any other benefits that is deducted. Please advise on what would be the best for me and for them? |
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TaxTim Alicia said: 28 April 2016 at 11:42 Do you travel for work? |
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Anonymous said: 28 April 2016 at 11:45 Not much. Not every month. But when I do its also small distances. 100-300km per month at most. |
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TaxTim Alicia said: 29 April 2016 at 11:54 You could consider a retirement benefit plan (i.e. pension or provident) which would be a way of saving for the future and it would also result in a tax saving as you could deduct the monthly contributions from your income. Do you have medical aid? |
